Russia may privatize 8% more in ALROSA in 2017

ISTANBUL, Oct 10 (PRIME) -- The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev told reporters Monday.

In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange.

“We’ve put forward this option. We will continue to suggest it and see what happens,” Ulyukayev said.

He also said that the ministry plans to privatize 10.9% in the country’s second largest bank VTB Bank and 20% in Novorossiysk Commercial Sea Port (NCSP) in 2017.

(62.3031 rubles – U.S. $1)

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